December 16, 2013

Bridgeport, CT – People’s United Bank announced today that Galan Daukas has joined the bank as
Senior Executive Vice President, responsible for the bank’s Wealth Management business. Daukas brings over 25
years of investment and trust experience to the position with a proven track record in leading investment
management firms, broad experience directing business strategy and operations as well as an extensive history of
growing assets under management and profitability.

“Galan brings wealth management experience that is as broad as it is deep and we look forward to his leadership
at People’s United,” said Jack Barnes, President and Chief Executive Officer. “We offer our clients a
comprehensive and team-based approach whether they are wealth management, private banking or brokerage clients
and Galan’s leadership experience and approach makes him an ideal leader for our team.”

Daukas began his career at Fleet Financial Group in the Investment Officer management trainee program, moved to
Drexel Burnham Lambert as a portfolio manager and then to Booz-Allen & Hamilton as a consultant before
joining Fleet Investment Advisors in 1996. He earned his Bachelor’s degree at Dartmouth College and his Masters
at Trinity College.

About People’s United Bank

People's United Bank, a subsidiary of People's United Financial, Inc., a diversified financial services company
with $32 billion in assets, provides commercial and retail banking, as well as wealth management services through
a network of 410 branches in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.
Through its subsidiaries, People's United Financial provides equipment financing, brokerage and insurance
services. Assets managed and administered, which are not reported as assets of People's United Financial,
totaled $15.5 billion at September 30, 2013.